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How to Get Holiday Debts Under Control

So, you’ve considered the reasons that you overspent over the holidays, but the damage is already done. Now it’s time to pick up the pieces and get on with your life. But when you’re facing a staggering amount of debt, that’s not always so easy. But in almost every case, there is hope.

Create A Budget
The first thing you need to do is create a budget. If you’ve never made one, now is as good a time as any to start. If you already have a detailed budget, you’ll need to revise it. When you’ve run up a higher balance on your credit cards, you’ll have to put more money toward them than you were previously. (more…)

Spent Too Much Over the Holidays? Ways to Earn Extra Cash

During the holidays, it’s easy to get caught up in the spirit of giving. That’s not such a bad thing in and of itself. But all too often, we get a little too carried away and end up spending more than we can afford to spend. It’s easy to do, especially when you use credit cards.

After the holidays, we’re often left with a debt hangover that’s hard to shake. We might even find ourselves struggling just to make the minimum payments on our debt, never mind paying extra to eliminate it faster. It would be nice if we could turn back time and spend more wisely, but that’s not possible. So the best thing we can do is try to find ways to earn extra money to put toward those debts so we can put them behind us. Here are some ways to accomplish that. (more…)